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Reps move to probe alleged revenue leakages through Remita

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The House of Representatives has resolved to investigate instances of revenue leakages and non-remittance of revenue generated through the Remita platform, a software cum financial service platform used by the Nigerian government for managing government revenues.

The motion for the investigation was co-sponsored by Jeremiah Umaru and Jafaru Gambo, both members of the All Progressives Congress from Nasarawa and Bauchi States, respectively.

In his presentation, Umaru expressed concern over the proliferation of sub-accounts by Ministries, Departments, and Agencies, which he believes is undermining the Treasury Single Account policy of the Federal Government.

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Remita is a software cum financial service platform owned by System-Specs which is a Private Company in charge of managing government revenues, acting as a gateway for the Treasury Single Account of the Federal government since 2012 though fully adopted in 2015 and used in the collection of Government Revenues over the years.

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He further noted that “Over N8.7 trn and been processed through the platform before the deployment of the software, the Nigerian government had over 15,000 bank accounts operated by Ministries, Departments and agencies, the proliferation of accounts has moved from deposit money banks to the Central Bank of Nigeria allowing MDAs to create multiple sub-accounts thereby negating the Treasury Single Account policy of the Federal Government,” he said

The House expressed dismay over the non-compliance by revenue-generating agencies with standard operating procedures and other allied service level agreements.

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The motion also noted that the government’s continued reliance on the Remita platform despite revenue leakages and non-remittance is unacceptable.

The House resolved to investigate the allegations and mandated its Committee on Public Accounts to conduct the probe. The committee is expected to submit its findings to the House within four weeks.

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